I agree with you. Bitcoin success will come to you depending on how much of your Bitcoin portfolio you are holding and for how long. So Why worry so much about the price of Bitcoin? Can you control the price of Bitcoin for a moment even if you try your whole life? Bitcoin will run on its own, and will increase over time, so what is the point of worrying only about the price of Bitcoin? If the expectation you are investing in, or the expectation you are delaying investing in, never comes true, what will you do? Because of this, you will only miss out on investment opportunities, and if you invest with the thought of short-term profit, you will have to sell your holdings at a loss. So, leave all worries aside and think only about the long term, and keep holding consistently. The chances of success will be higher if you hold on for a long time. Which an experienced Bitcoin investor knows very well.
The fact that we are holding bitcoin for a longer term is not a guarantee that our investment in bitcoin is going to be successful and no matter how much plan we may seem to have done as regards holding bitcoin for a longer term, something can always crop along the line to drail our plan however bitcoin investment is best appreciated when viewed in terms of long term.so that's the reason why it is always advisable to hold bitcoin for a longer term
Well you are right, some times we may have everything planned out but along the line everything turns out another way against our previous plan, for example you may have a very strong emergency funds and you are faced with a very big problem that eats up the all the emergency funds and before you it another emergency comes up and since you have already spent your emergency funds on the other problem you are now lift without emergency funds you will have no other option than to dip hands into your Bitcoin investment and this may delay your accumulation journey or even discourage you from continuing, so sometimes what causes our fail in Bitcoin investment is not poor planning but unexpected problem that is above our control.
Thats why you should be versatile as much as you could when dealing up into different things specially on dealing up with this market then you cant just that put up money but doesnt think about on what are the actions taht you would be taking. Invest into those funds on which you can afford to lose so that whenever the price market dips then you wont be ending up on becoming impulsive because you hadnt expected on what happened. Sorry for those who panic sold when Bitcoins price dipped down on $78k on which after a few hours and days then here we go again on $92k price on which thats a good swing and for those who had been able to scoop up with that price dip then they had made out some good profits in a short time period. This is why its best that whenever the price dips then making up some consideratoin on having buybacks will be always that best on doing so, but this one isnt really that so easy because we do know that people will be hesitating on making immediate buyback because we do know that the price could dip down even more and this is why you should be that hesitance.
Your point about being prepared is surely valid, since there are going to be guys who have a lot of irregularities in their income and/or their expenses, so those kinds of guys will likely need to have extra kinds of back up funds that are available, whether they are dealing with emergency situations or they are dealing with wanting to use extra money for buying on BTC price dips.
Since you (Zadicar) have been registered on the forum since late 2015, it is quite likely that you have already accumulated a sufficient amount of BTC or even a more than sufficient amount of BTC so that you might consider selling some BTC at various points in time, yet I doubt that selling BTC in order to buy back cheaper is a very good plan for anyone in their first BTC cycle, even if they might have had been able to front load their investment... .. ...yet sure, there could be some guys who actually reached an overaccumulation status, even if they are still early to BTC investing..
Emergency funds and reserve funds have different purposes. Emergency funds are used to deal with unexpected situations such as illness or others. While reserve funds are used for planned expenses that are desired and planned in advance such as buying vehicles, houses and so on including planning to buy Bitcoin when the price drops and both are set aside separately from income and also for periodic Bitcoin purchases or DCA and if all that is not enough you have to be smart in finding ways to make everything enough like finding or making something that can generate additional money.
And all investors have different plans and strategies and the goal is to make a profit especially for the long term, and indeed selling when the price is high and buying it back when the price drops is one investment strategy. But the question is are you not tired of waiting for an unexpected decline and whether the profits obtained remain intact, maybe diverted to business and whether the business can generate good profits. So everything must be thought through carefully and very carefully so that there is no regret because as long as we make long-term investments without any time limits on Bitcoin, the large profits can continue to grow until we really feel satisfied with the very large profits that can realize all desires and can guarantee old age to live peacefully in financial matters because Bitcoin is a very wild investment for the long term whose value continues to increase.
When people talk about selling off bitcoin to buy back, I begin to wonder how they do it. Most times, investors that sell off bitcoin accumulation never buy back anytime soon because of market behaviour. Also, anyone who concentrates on selling when he feels the market is conducive to guy at his desired dip is not yet ready for bitcoin investment as only traders do that. Bitcoin trading is not a fun, it's gambling and can wreck anyone anytime.
The goal is a buy but cycle especially for ones who are not long in the investment. A newbie who is focused on watching market swings is not getting it right. Bitcoin at 78k even though it didn't spend a lot of time there, but how many accumulated more bitcoin at that price?? Sometimes panic is the only enemy one can have.
The level of volatility in bitcoin is something anyone should centre more on accumulation than selling until a New ATH is achieved. N:B bitcoin buy back is not as simple as it sounds. You may sell of and never return to buy when the market sets up again.
You are wrong and I don't agree with you on this one because Bitcoin making a New all time high doesn't signifies that an investor can sell their asset, in a more appropriate way an investor shouldn't consider selling when it is still time to be buying more Bitcoin even on seeing Bitcoin making several all time highs, even if there are those that may option to sell part of their Bitcoin on seeing a new all time high it should be those that has accumulated enough Bitcoin and has hold for a very long time.